India's Oct gold imports surge to 31-month high on festive demand
Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, but may also widen India’s trade deficit and put pressure on the ailing rupee.
India imported 123 metric tons of gold in October, compared with 77 tons a year earlier, the source said, declining to be named as he is not authorised to speak to the media. Image Courtesy: Reuters.